Cryptocurrency exchange Kraken has announced the launch of a new venture capital firm to invest in early stage cryptocurrency and fintech startups. According to an announcement, Kraken Ventures will help startups with all the necessary resources and expertise to power new innovations.
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The investment subsidiary of the exchange will invest in a range between $250,000 to $3 million in fintech, crypto companies and decentralized finance (DeFi) startups. The Kraken Ventures team will be led by Brandon Gath, Kirill Gourov, and Akshi Federici.
Previously in February, Kraken announced the donation of $100,000 to Coin Center, a non-profit advocacy groups focused on the cryptocurrency market. The exchange said the donation was made to Coin Center for its excellent work in promoting research, educate regulators and advance the rights of cryptocurrencies.
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